Data / Bank failures / 1990 / Citizens National Bank of Walnut Ridge
Citizens National Bank of Walnut Ridge, Walnut Ridge, AR: failed February 2, 1990
Citizens National Bank of Walnut Ridge in Walnut Ridge, Arkansas, failed on February 2, 1990. The Lawrence County Bank of Portia, AR, took over its deposits. It held $37.5 million in assets and $34.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $6.3 million (16.8% of its assets). By assets it was the 249th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- February 2, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- The Lawrence County Bank, Portia, AR
- Total assets
- $37,524,000
- Total deposits
- $34,098,000
- Estimated cost to the FDIC
- $6,320,910 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- BIF
- FDIC certificate
- 16816
Other bank failures in Arkansas, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First Exchange Bank of Little Rock | Little Rock | September 24, 1992 | $24.7 million | $24.4 million | $1.9 million | First Commercial Bank NA |
| Northwest National Bank | Fayetteville | August 16, 1991 | $29.4 million | $30.2 million | $936,463 | Citizens Bank of Northwest |
| United FS & La | Jonesboro | June 28, 1991 | $142.5 million | $136.7 million | $16.3 million | |
| Arkansas FSB | Little Rock | December 21, 1990 | $71.7 million | $61.6 million | $15.4 million | |
| Texarkana FS & La | Texarcana | December 7, 1990 | $40.4 million | $43.2 million | $11.2 million | Citizens NB |
| First Sa | Paragould | November 30, 1990 | $64.1 million | $46.7 million | $24.6 million | Peoples Bank |
| First American Federal Savings | Fort Smith | May 25, 1990 | $450.7 million | $444.2 million | $45.2 million | |
| Grand Prairie FS & La | Stuttgart | January 26, 1990 | $31.5 million | $24.8 million | $14.2 million |
All bank failures in 1990 · All bank failures in Arkansas · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.